Reported 12 months ago
A money laundering group in Kaohsiung rented residential properties to carry out illegal activities like money laundering and currency exchange, enticing youngsters to join with promises of high pay and no experience. They used automated bank transfers to reduce foot traffic in their facilities and managed to launder a whopping NT$51 billion in just six months. After an investigation, the police arrested 12 individuals for violating the Anti-Money Laundering Act. The group would recruit through the internet, recruit friends and family, and assist in the illegal flow of funds for overseas gambling or financial platforms to evade detection, making huge profits through multiple bank transfers. The police, with the help of a police dog named Wafer, seized incriminating evidence during raids at three locations on March 6. The mastermind, known as 'Feng Brother,' and others were arrested and handed over to the Kaohsiung District Prosecutors Office for further investigation.
Source: YAHOO